The price of Cardano$ADA has dropped by 24.3% over the last 12 days and is currently trading at $0.546. The altcoin remains above key support at $0.540, which could serve as a foundation for a rebound.
Meanwhile, the altcoin team is preparing to launch Reeve — an update that will help organizations publish and verify financial information on the blockchain. This could strengthen investor confidence and support Cardano's recovery.
If ADA holds above the $0.540 level, it will have a chance to rise to $0.572 or even higher — up to $0.608. If Cardano fails to capitalize on the momentum from the Reeve launch, the price could face a pullback to $0.500.
